Categories
Charts, Levels and Strategizing

GBPJPY: Week of 18 October 2021

See daily chart of GBPJPY below for the discussion that follows.

The JPY pairs had a very strong run to the upside the last couple of weeks, breaking some important resistance areas in the process. GBPJPY is one example. Should we get a pullback, I’ll be looking to go long at support (previous resistance) if it is confirmed in terms of candles.

EURJPY (post from2 weeks ago) never reached the level I was looking at.

Remember to always have your own trading plan and never follow other people blindly. Always know where you will be proven wrong on any trade and have stops in place. Honor those stops and never ever bet the farm.

On Ideas: Please don’t take this as trading advise. Please do your own due diligence before entering any trade. Also see Disclaimers.

Thanks for reading.

Thanks and Regards,

Trading SOS SOS